Savills pays out bumper bonuses

Savills is preparing to pay approximately £60m in bonuses this year, more than double its expected profits.

The bonuses, or 'discretionary profit share' as Savills prefers to call them, will be handed out to 20,000 staff worldwide. Savills refused to comment on the size of this year’s bonus pot.

The estate agent is expected to report pre-tax profits of about £24m when it unveils its full-year results this week

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